CPCCBC5002A: Monitor Costing Systems on Medium Rise Building and Construction Projects - Management Assignment Help

Assignment Task:

Assessment instructions 

• Any templates needed to complete these Assessment tasks, are attached to the Assessment Workbook and must be completed in conjunction with the Assessment task. 

• You are able to provide supplementary evidence of the tasks performed on previous occasions, if determined suitable by your Trainer and Assessor. Please ensure that you discuss this with your Trainer if you are unsure. 

• If the conditions of these Assessment tasks cannot be replicated in a real-life work task on the day of assessment, your Trainer may conduct all or part thereof in a simulated work practical task, in line with the assessment process for this task. 

• Where Learner’s answers are deemed not satisfactory after the first attempt two resubmission attempts are allowed. 

Your task Part 1: Questions and answers 

List the items that need to be considered when undertaking the identification of building and construction costs associated with a building and construction project that you have been involved with within the last 3 years. 

List 4 cost centres and 3 items that may be included in each of your listed cost centres. 

Part 2: Costing system 

You will need to reflect on a medium rise construction project you have been involved in, or are currently working on (if you are not working anywhere, your trainer will give you a hypothetical project to work on), to complete this task.

Your Task: 

software that is used within your organisation. Attach the final expenditure to your Assessment Workbook. You must identify any critical financial phases. 

• Calculate the projected rise and fall amounts relevant to the construction project. 

• Prepare a projected S Curve for the construction project. 

• Based on the project, identify the time and cost risk. 

• Based on the project, identify the optimistic and pessimistic outcomes for cash flow. 

• Calculate the pessimistic overdraft requirements. 

• Discuss the trends you identified when conducting daily monitoring of cash flow and creditor 

• payments. 

• Compare the budget from the tender calculations, with the actual cost. Discuss the patterns and 

• Discuss the variations you have identified and the processes that you subsequently followed. 

• In order to maintain financial compliance with the contract, what remedial actions were taken? 

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